JCI Wednesday It Is Estimated That The Strengthening Will Continue, Investors Waiting For The Results Of The Fed Meeting

JAKARTA - The movement of the Composite Stock Price Index (JCI) is expected to continue strengthening in today's trading, Wednesday, December 14 in the midst of the market waiting for the results of the FOMC or the Fed meeting on December 13-14, 2022, United States time.

The Phintraco Sekuritas research team estimates that the JCI resistance level in today's trading is 6,880, with support levels at 6,720. JCI has the opportunity to close the gap to 6,880-6,900 levels in today's trading.

"JCI formed a white marubozu pattern which was followed by an increase in transaction volume on Tuesday. This pattern validates the rebound signal from the golden cross formed at Stochastic RSI and the potential for golden cross in MACD. JCI has the potential to close the gap to 6,8806,900, if it persists above 6,800," wrote Phintraco Sekuritas in his research.

The Technical rebound in GOTO's shares yesterday also triggered the strengthening of a number of blue chip shares with large market cap, including ASII and TLKM. Phintraco Sekuritas said banking stocks such as BBCA, BBNI, BBRI and BMRI were also included in the ranks of the JCI today.

"Hal ini diperkirakan masih akan berlanjut di Rabu, terutama pada saham-saham bank," tuturnya.

In addition, the majority of market players also believe that the Fed will begin to slow the Fed Rate's rise to 50 basis points starting December 2022. This belief is reinforced by the continued trend of moderate inflation in the US in recent months.

Meanwhile, the stocks that can be observed for today's trading, Wednesday, December 14, apart from banking, are AKRA, BBTN, MAPI, TBIG, and UNVR.